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. export orders, a sign of weakness there and in china and in some of the pmi figures that we got across europe. so the theme that is emerging, while germany even showed some signs perhaps of strength in its service sector, there's still concern about global growth prospects. for that reason, all the more reason why perhaps it's important for policymakers to be proactive, including mario draghi. back over to you guys. >> thank you for that. who is going to be the squawk perpendicular of the year, joe? >> you mean if we pick one? >> if we pick one. >> we have to pick one that's not obvious. >> like mcafee, maybe. i had an opportunity to pick business person of the year and i picked richard scrusi. it's so hard to find an honest cfo. remember the guy that helped out? i think he was on his way up the river or something. you have to pick it so there's an edge to it. >> like leo apatae or something like that. >> no, like mcafee. i didn't mention that, but he may get the squawk person of the year award today. it depends on how he answers your probing -- your father was a litigator, right? >> t
tomorrow. >>> the world bank in the meantime is raising its 2013 economic growth forecast for china and for developing east asia. the organization says that the region remains resilient despite the lackluster performance of the global economy. the world bank sees china expanding by 8.4% next year. it's expecting that it will be fueled by fiscal stimulus and the faster implementation of large investment projects. today's forecast is higher than an earlier one that was sited in a world bank report in october. 8.4%, not bad both if you can get it. >>> speaking of china, the united states is moving forward with plans to slap steep anti-dumping duties on wind turbine towers that are imported from china at prices that are deemed unfairly low. the news from the commerce department comes as u.s. officials welcomed a high-level chinese delegation for trade and economic talks. the u.s. trade panel has final approval over the duties and is expected to vote on the case in late january. >>> in corporate news, ubs hit with a $1.5 million fine today. that will add up, a few more of those. the swis
than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>> also, the national association for business economics growth in 2013 to come in at 2.1% after growing by 2.2% in 2012. that would continue the same tepid growth that the country has seen since the recession ended back in mid 2009. >>> and the nation is mourning the horrific event of friday in newtown, connecticut. president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on th
] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk. happy monday. today in the "wall street journal" suggesting netflix could end up doomed with its success with children. netflix just for kids get more popular. companies like viacom get accurate. companies provide netflix with most of its content in a kids' focused section. the journal says at some point the suppliers will probably want to charge netflix more or they might even stop selling to netflix. that's been a huge problem for them when it comes to contend more broadly. >> time for the global markets report. kelly evans standing by in london. you rise above over
market news, a lot of talk about china this morning. a final reading of hsbc's manufacturing purchasing manager's survey for china rising in november, first time above the key 50 mark which indicates expanding rather than contraction. it's been since october of last year. also abroad greece announcing it will buy back bonds through a dutch auction. the set up whether allow athenss to assess the level of demand before setting a final bryce for the deal. part of the country's efforts to cut its about a along debt. and in germany, merkel is not ruling out the possibility of notifying greece some of its debt once athens finances are in better shape. angela merkel told a german tabloid that the question of the so-called haircut can be revisited. in the past, merkel's government had ruled out forgiving any debt. >> in corporate new, ubs is reportedly close to a settlement. the "new york times" says the swiss bank is expected to pay horn $450 million over claims that some of its employees submitted false libor rates. that's pretty huge story and we will take a look and ten to see what happens
china will go grow as fast. then you have the united states uncertainty. suddenly they pull back. and then they don't know the personal tax grow, and they pull back. so what i try to talk more about is what our clients see than what we see. because what i think we add value, we see 30,000 market companies in the country and by hearing from them, we can help arctic could you what the what they're seeing and how they're behaving. >> that is one of his huge concerns that at this point, it's too late to save anything with 2013 blaurly for small businesses and their plans in terms of hiring. for 2014, you could be tinkering with that at that point if this pushes in to 2013. and take's that's the biggest t took away. we're really threatening 2014, too. >> i haven't heard so much that about the fiscal cliff. >> it was not just the fiscal cliff, it was time after time, the start of the debt ceiling talks and then they get pushed off, these are temporary fixes and it keeps coming. >> i guess one of the things that we kind of focus on is what happens after the fiscal cliff. because that ju
of china. the new leadership saying wle do whatever it takes to maintain solid economic growth. the shanghai composite up nearly 3% today. that boosted retail stocks. we also had a spanish bond auction, prefunding for 2013. got nearly the 4.5 billion they wanted. yields in spain. the ten-year did come lower on that auction, so not a bad result. and bid to cover was okay. so spanish yields slightly higher after that. didn't raise the maximum amount. that's where we stand. it's another cautious day under way in europe. back to you guys. >> might get my haircut like hers, ross. you know, that anna wintour. that bizarre -- do you think you can manage it? >> a page boy. >> you think you carry that one? >> you'd look awful. >> you know what? we're going to do it. >> you're asking these guys to put me -- >> you'd look good in that one from "dumb & dumber." >> yeah. i make that sound. the most annoying -- you want me to do that? >> no, we don't. >> morgan stanley is trying to bolster lending. some advisers are said to have left the firm due to a lack of lending capacity. you didn't bar
can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the catalyst in asia trading today, economic stats out of china. export growths slowed sharply to 2.9% in december. that news j underscores the global headwinds dragging on the economy. but the chinese economy is showing solid signs of a pick up in domestic activity. industrial output was stronger than expected. the country has been saying for years it needs to shift a little bit from the export model the internal consumption. let their middle class grow and not be nearly as dependent on exports. and china's oil demand in november surpassed 10 million barrels per day for the first time ever. the country's crude imports rose to the second highest daily rate on record. analysts say this is further evidence of the chinese recover. and i saw this story on -- every once in a while i check tweeting. >> i saw it on google, too. kayla tausche reporting -- >> kayla beat nick dunn. >> nick dunn was quoting kayla. >>
to taiwan and china in october and the buzz around windows 8 fell off a cliff from the june time period. so there's a lot of enthusiasm in june at the show in taipei. and by october, there was no enthusiasm. so i think a lot of the momentum had been lost and a lot of companies told me, look, it's really a second half of 2013 story. >> so what does that mean, not only for microsoft were but for the hardwaremaker? are being buying products from dell and the like and buying the windows 7 version or are they turning to google and mac? what's happening? >> more and more consumers are turning to smartphones and tablet devices and i think a lot of the hardware vendors are saying, you know what? when we do a refresh, let's wait until a year out, second half of 2013. it's probably not worth the investment today, especially with a lot of aggressive tablets coming out, including the ipad mini. so, you know, that -- i think they were planning on doing a more aggressive ramp, probably around ultra book with windows 8. and then they decided to delay it until next year. >> look out a little bit into 2013
.o. of big caterpillar equipment and talk about what's going on in china and i hope we get back to that. you're right that's all we're talking about instead of talking about caterpillar and what you do well as a great company. >> thank you. again, every time i come to the floor it's the hub of our greatness in this country of business. it's why we're here. it's really fun and exciting and let answer get into '13 and get into real things. i'm with you, joe. >> i know, but this deal has to play in peoria. >> it will play. >> compared to what you got in illinois now anything looks good. thanks. >> okay. >>> the executive chef tpz at jpmorgan the bank naming two chief officers to oversee things like anti-moneying. kayla tausche joins us. >> the person to watch everyone watching is looking at jez staly, he was chairman as of july largely viewed as a swank song role that rivals have taken note of. there were discussions over the ceo at legg mason, the baltimore asset manager. the talks fell apart and staly was the top of the short list for the board and recruiters after being serious talks for the
it matters, and it does. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to "squawk box," everybody. in our headlines we're about an hour away from the november jobs report and the numbers are expected to be impacted by sandy. the dow jones forecast is calling for new 80,000 nonfarm jobs. >>> the reuters forecast is calling for 93,000 new jobs. >>> ibm is implementing a significant change to its benefit program. starting next year matching contributions to employees' 401(k) accounts will be given in one lump sum on december 31st. if a worker leaves the company before december 15th, they won't get anything from that
sachs to buy from neutral. citing increased potential for yum's operations in china. although, that's what we talk about all the time. kfc in china. that's the growth in their, i think isn't yum bigger than mcdonald's in terms of total number? >> yeah. >> i think subway is, too. research -- >> they don't even call it kentucky tried anymore. >> kfc. >> and it's really chicken. >> that's uncalled for. what do you think it is, cat? that is uncalled for. >> this is all i'll say. >> tastes like chicken. >> yes, it's chicken! if david novak -- >> taco bell. >> yeah, taco bell. >> is that really meat? is that your next -- >> no. all right. the restaurant -- research in motion, rim shares coming off a seven-month high on news that the u.s. immigrations and customs enforcement agent are going to use the blackberry 10 on a trial basis. that is on news, did you see this, that the agency is going to ditch the iphone in favor -- >> okay, so why? >> i don't know. i just want to say, so blackberry was one of the sponsors of the thing yesterday, at the dealbook conference and they showed off the bl
trough, so we have some catching up to do. i think we're do that catching up in 2013. i think china is coming out of some of their troubles. crude was up a fair amount yesterday. and if you look at, say, the crude chart and the caterpillar chart, they're very similar. big round trip from the lows of the summer, big high. but now we're building a base and if china is going to end up doing better, then all the infrastructure that caterpillar supports is going to be great for that company. >> yeah. housing, you saw that in the journal today, huh? that has to be -- that might offset, if we could get housing going again, that might offset a lot of things happening in d.c. >> great news about housing prices finally. although i'm also the kind of guy who thinks that actually a little inflation or actually a fair amount of inflation would be great for the housing market. for some people, it's the only way that they're going to get out of this situation they're in in housing. that is they're under water on their homes. for a nation of debtors, inflation is a great thing. it doesn't do a whol
.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> financials have been on fire for most of 2012. but interest rates and regulation are still putting some profit margins under pressu pressure. here's what's in store for 2013. >> reporter: after a year's l
the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's official this morning, tend of an era for aig. details emerged during squawk yesterday. today, the u.s. insurer rates $6.5 billion from the sale of its remaining stake in aia group. and boeing is raising its dividend by 10%. it will
? china's got this fledgling recovery going. if you look at the trade numbers, they're extremely weak into the european bloc. they're okay into the u.s. bloc. but u.s. demand deteriorates, then there's no chinese recovery. and then the bid for commodities and all the demand related to that gets -- >> right. you said it, barry, because it's been signaling that in the currency market because the aussie dollar which is the proxy for the risk trade for asia has been very weak relative to the eu euro. that's signaling the market is very concerned about that going forward. >> copper, as well, i think is another indicator. >> you know, roger, i hear all of this, and you're somebody who knows what happens behind the scenes in washington. you know how these thingsz work. when you see how this is setting up at this point, what do you really see as the most likely scenario between now and the end of the year and then into january? >> first of all, i don't think anybody wins if we go over the fiscal cliff. i don't. i doubt we would stay over the cliff so to speak for more than very, very short pe
on policywise in japan and the whole trade. fascinating to see china hit a few weeks post leadership changes, first time this year the markets had more than 10% rally there. and the signs of europe's issues being if not resolved, certainly more minimized in terms of stress. so i think we're going tothz a lot clearer signs of powerful rallies coming from the rest of the world in 2013 which will make it somewhat different than 2012 and to some extent the previous two years, as well. >> joe is down in washington wauchg all of this first hand and i know he has a question for you, as well, jim. >> feeling all the different things coming in. >> that must be a real challenge for you being down in d.c. how did you get that straw? >> yeah, it is. i can take it for about 24 hours. i am feeling a lot of what's happening. and in the last 2 1/2 years or so, the poisoned atmosphere down here just to try and do anything is becoming really apparent. we put the sequester because it was so hard to try and do anything last time to force us, now we're not really inclined to do it again. my question, even if we
know that we compete in the global economy. when we look at the tax policies of japan, china, brazil, other people we're competing for in a global economy we need to keep those rates low. keeping the rates low encourages businesses to commit long-term capital signatures, grow jobs, and grow personal income. >> i know you're a, you know, i know you're a giver, give, give, give. all you're worried about are your investors. what about southern company? why are you so on the dividends -- how does it affect southern company what happens with dividends and capital gains? >> well, it impacts southern as it impacts every other company in our industry. you know, when you think about the electric utility industry, we are a low beta kind of industry. we are low risk and typically we have a relatively attractive dividend yield. the general formation of return to investors is about 50% dividend yield and about 50% growth and earnings per share. so it's critically important for our industry which interestingly is one of the great contributors to employment growth and variety of other things. we sp
Search Results 0 to 17 of about 18

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